Terms of Trade
Leamington Motor Services 2007 Ltd
The ‘Company’ means Leamington Motor Services 2007 Ltd
Terms of Payment:
Net cash on date of purchase unless prior arrangements have been made
for a charge account. Cash/Eft-pos/Credit Card is all acceptable
methods of payment.
Charge Accounts – Terms of payment for any goods and/or services is strictly by the 20th
of the following month following the date of purchase. The customer
shall be charged interest at 2.5% on any overdue or unpaid accounts and
shall also be liable for any debt collection and/or legal fees or
expenses incurred by the Company as a result of the recovery of unpaid
Applications for Credit Accounts:
An account application form is filled in, signed and two contactable referees are to be given.
The Company gives no warranty on any product or service beyond that offered by the manufacturer or supplier on automotive parts.
Risk and Title:
The buyer will take pro forma delivery of the goods upon them leaving
the possession of the Company or its servants and thereupon the risk
will be with the buyer. The buyer will take possession of the goods as
bailee only, will insure them and keep them in good order and
condition. Property in the goods shall pass to the buyer when the buyer
has paid for them and discharged all outstanding indebtedness to the
Company whatsoever. Receipt by the Company of any cheque or other bill
of exchange or promissory note shall not be deemed to be payment or
conditional payment until the same has been met upon presentation and
until such time not be prejudice or affect the Company ‘s rights, powers
or remedies against the buyer or in respect of the goods. The buyer
shall not otherwise allow any legally enforceable charge to be created
over the goods.
Personal Property Securities Act 1999 (‘PPSA”)
The buyer grants to the Company a security interest in the goods and
any after-acquired goods purchased from the Company in accordance with
these Conditions of Sale (including any proceeds thereof) until payment
has been made in full for the goods. The buyer agrees to provide any
further information and to enter into any further documentation required
to enable the perfection of the Company’s security interest in the
goods pursuant to PPSA.
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